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6.4 Bitcoin midday market
The morning Bitcoin market continued to deeply retrace, dropping to a low of 61,344, then quickly rebounding to 64,383. Currently, the overall price is fluctuating around 64,200. The morning signaled short positions and directly bought the dip for short-term long positions, gaining a profit of 3,000 USD.
Although the morning retracement partially filled the gap, the bullish rebound lacked momentum, with poor sustainability. The rebound was only a weak correction, and the overall remains in a weak zone. From the 4-hour indicator perspective, the bears are still continuing to increase volume, and the Bollinger Bands have started to slope downward, indicating an overall downtrend. It is recommended to focus on high short positions.
Trading suggestions:
Short between 64,500-64,800, targeting 62,000-61,500 $BTC #ETH跌幅超5% #STRC跌破95美元